Thursday, March 25, 2010

Free Market and Colbert

Two things I want to say based on this episode:

a) Free Market would solve problems of poverty as it gives people an opportunity to profit however they choose to do so, as long as they don't harm anyone, steal from anyone or use fraud. Capitalism simply allows only the top echelon to profit while the others pay for it. It reduces opportunity and crushes competition. Competition is healthy, it is needed for industries to continue growing and developing. Capitalism leads way for too much power and greed, and too few people to control it.

b) Our Health Care systems are based on treatment, rather than cures. When you go to the hospital, you are given pills, which subsidize or reduce (treat) whatever it is you have. The Pharmaceutical companies profit heavily from this, and most of the times the drugs are ineffective or the side effects are worse than the original symptoms. The Free Market would also solve this, as health care would be based on the best offered and companies would be able to compete on service and quality. Treatment would be included, but cures would be implemented and more heavily researched/developed as they would always be looking to be the best in the industry.